Sample Employment Agreement With Stock Options

5. Stock option: the employee has the option to acquire non-voting shares of the company up to _____ % of the issued and outstanding shares of the company. This option may be exercised at any time during the term of this Agreement. The employee also has the opportunity to acquire, for each full year of an extended term, a maximum of 5% (____ %) of additional non-voting shares of one percent (___ _ %). The option price for the purchase of the first percent (__ %) is the value of the shares from __ , 20 __, determined by the company`s accountant using recognized valuation methods of similar companies. Similarly, for each additional percentage of the stock, for each extended term, the purchase price of the share is the value of the share in the year of the extended maturity. This option cannot be assigned by the employee. In the case of such notification, the contract shall expire on the last day of the current term. (A) Secret. During the term of this Agreement and thereafter, the Employee agrees to keep the « Confidential Information » of the Company secret and confidential and not to use or disclose such information for any purpose that has not been approved by the Company, unless the information is made public by any activity on its part. .

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